Chrome River Introduces New Service for Global Expense Management Best Practices

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Los Angeles: Chrome River, a expense and invoice management solutions, has launched an alliance with PricewaterhouseCoopers LLP, USA (PwC) to deliver global templates for expense reimbursement compliance. Chrome River will offer VAT and other country-specific data provided by PwC, as best-practice templates for its customers to deploy to their international subsidiaries.

Chrome River will leverage PwC’s unrivalled global taxation and regulatory insight to provide international templates for Chrome River customers to use when implementing expense management programs. Thanks to this new alliance, Chrome River’s customers can subscribe to receive automatic updates across a wide range of taxation, regulatory and expense data points, such as VAT/GST, mileage reimbursement, and meals/lodging rates. Chrome River customers can then leverage this data to enable them to follow the complex recovery rules for VAT/GST on employee expenses while adhering to best-practice regulations for items such as receipt retention.

“The majority of Chrome River’s 750-plus customers use our solutions across multiple markets, and every country has different standards and templates for expense reimbursement, which can be complex to manage,” said Alan Rich, CEO, and co-founder of Chrome River. “The ability to easily and accurately navigate the myriad global regulations that relate to employee expenses will make finance teams’ lives much easier, and with this relationship with PwC, we can enable our customers to remain in compliance with international regulations whenever they are updated.

“Any organization that operates internationally knows that the constantly shifting sands of taxation and expense reimbursement compliance can be very difficult to navigate. PwC’s deep global reach enables us to maintain current reimbursement and other regulatory rates for dozens of countries worldwide. Through this alliance, international organizations can have this data at their fingertips, giving them the up-to-the-minute insight needed to make smarter taxation decisions for expense reimbursement,” continued Rich.